A Uniform Systems of Accounts describes the legally required format managers must use when preparing the financial statements of a business.

Name: A Uniform Systems of Accounts describes the legally required format managers must use when preparing the financial statements of a business.
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A Uniform System of Accounts provides a standardized format for financial reporting, but it is not legally required. It is often used in specific industries to ensure consistency and comparability.

A Uniform Systems of Accounts Describes the Legally Required Format